The words “low-priced” and “insurance” really shouldn’t be used together, in particular when trying to find the best price on coverage for drivers with bad credit. Because it’s so expensive, let’s open your eyes to some things that determine auto insurance premiums, and see if we can help you lower the cost of the next policy you buy.
The make and model of vehicle requiring coverage is a large consideration that determines whether or not you can buy affordable coverage for drivers with bad credit. Vehicles with lower performance, modern passenger safety features, or a positive history of liability claims will cost much less to insure than adrenaline junky models.
The next table features coverage rates for some of the cheapest vehicles to insure.
|Make, Model, and Trim Level||Estimated Cost for Full Coverage|
|Honda CR-V EX-L 2WD||$936|
|Ford Escape Limited 2WD||$1,061|
|Ford Edge Limited 2WD||$1,063|
|Chevrolet Malibu LS||$1,085|
|Hyundai Elantra SE Touring Station Wagon||$1,119|
|Honda Civic VP 4-Dr Sedan||$1,121|
|Ford F-150 Lariat Crew Cab Harley 2WD||$1,162|
|Dodge Ram Quad Cab SLT 4WD||$1,182|
|Chevrolet Silverado 3500HD LT Crew Cab 2WD||$1,184|
|Volkswagen Jetta S 4-Dr Sedan||$1,186|
|Toyota RAV4 Limited 4WD||$1,195|
|Honda Odyssey EX||$1,195|
|Dodge Grand Caravan Crew||$1,210|
|Ford Explorer Limited 2WD||$1,220|
|Toyota Tacoma Double Cab TRD Off-Road Package 4WD||$1,210|
|GMC Sierra 2500HD SLT Extended Cab 4WD||$1,220|
|Chevrolet Impala LT||$1,223|
|Chevrolet Equinox LS 2WD||$1,228|
|Ford Fusion S 4-Dr Sedan||$1,223|
|Chevrolet Silverado LS Regular Cab 2WD||$1,227|
|Ford Focus SES 4-Dr Sedan||$1,251|
|Nissan Rogue SL 2WD||$1,270|
|Compare Cheap Rates Go|
Table data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, safe-driver, and homeowner. Price estimates do not factor in zip code location which can impact premium rates greatly.
Looking at the rates, makes and models like the Honda CR-V, Ford Escape, Ford Edge, and Chevrolet Malibu are most likely to be a few of the most affordable vehicles to insure for people with poor credit. Auto insurance rates will tend to be more expensive because there is more exposure for drivers with bad credit, but in general those vehicles will most likely have the lowest prices available.
Comparing rates for cost effective insurance is easier said than done, and deciding which company has the cheapest car insurance rates for drivers with bad credit will require even more diligence. Each company has a unique approach for setting prices, so let’s rank the car insurance companies with the overall cheapest rates in Corpus Christi.
It’s important that readers know that Corpus Christi, TX car insurance rates are impacted by many things that may substantially change your annual premium. This is why it is crucial to compare lots of rates when trying to find the cheapest insurance rates for drivers with bad credit. Car insurance prices are made up of many things and change frequently, so the most affordable company six months ago may now be quite expensive.
Find Cheaper Auto Insurance with Bad Credit
|Rank||Company||Cost Per Year|
|3||Texas Farm Bureau||$1,211|
|View More Rates Go|
Travelers offers some of the cheapest car insurance rates in Corpus Christi at around $1,041 per year. USAA, Texas Farm Bureau, Germania Mutual, and Esurance are also some of the cheapest Corpus Christi, TX insurance companies.
In the above rates, if you are insured with Germania Mutual and switched to USAA, you might achieve an annual savings of around $116. Drivers with Esurance may save as much as $279 a year, and California Casualty policyholders might realize rate reductions of up to $310 a year.
Be aware that those premiums are averages across all insureds and vehicles and and are not figured with a vehicle location for drivers with bad credit. So the insurer that has the cheapest price for you may not even be in the top 23 companies shown above. That underscores the importance of why you need to get car insurance quotes using your own driver data and vehicle information.
One of the many factors that are used to help calculate insurance cost is where your residence is. Cities with more crime and/or more people likely pay more, whereas areas with less crime or weather claims tend to receive cheaper rates.
The following table shows the most expensive cities in Texas for drivers with bad credit in which to buy car insurance. Corpus Christi makes the list at #17 with an annual rate of $1,620 for car insurance, which is approximately $135 each month.
|Rank||City||Average Per Year|
|Find the Best Rates Go|
Table data uses comparative as the specific zip code location can increase or decrease insurance rates greatly.
Difference between liability only and full coverage rates
Saving money when shopping for car insurance is important to most drivers, and an effective way to pay lower rates for insurance for drivers with bad credit is to only pay for liability coverage. The chart below shows the comparison of insurance costs with full coverage and liability only. The rates are based on no claims or driving violations, $100 deductibles, marital status is single, and no other discounts are factored in.
If averaged out across all ages, comprehensive and collision coverage on your policy costs an additional $2,922 per year over and above liability only. A very common question is when is it safe to stop buying full coverage. There is no clear-cut rule to stop buying comprehensive and collision coverage on your policy, but there is a general guideline. If the annual cost of having full coverage is 10% or more of the settlement you would receive from your company, then it might be time to consider dropping full coverage.
There are some situations where dropping physical damage coverage is not financially feasible. If you still owe money on your vehicle, you have to keep full coverage to satisfy the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle in case of an accident, you should keep full coverage.
The example below demonstrates how choosing different deductibles can change premium costs when quoting cheap insurance for drivers with bad credit. Data assumes a married male driver, full physical damage coverage, and no discounts are applied.
The data above shows that a 40-year-old driver could reduce rates by $372 a year by increasing from a $100 deductible up to a $500 deductible, or save $560 by using a $1,000 deductible. Younger drivers, like the 20-year-old category, can cut up to $1,240 or even more just by choosing higher deductibles when buying full coverage.
When increasing deductibles, it is important to have enough funds in savings to pay the extra out-of-pocket expense, which is the one disadvantage of using larger deductibles.
How to find more affordable insurance for drivers with bad credit
It’s not impossible to find cheaper rates, and here are some of the recommended thrifty suggestions that can help drivers quote more affordable coverage.
- Better credit rating means better rates
- Raise deductibles
- Remain accident-free and save
- Get cheaper liability coverage by choosing a safer vehicle
- Do not get traffic tickets
- Shop your coverage around for the best deal
The last idea is extremely significant, as was discussed in this article. Prices charged by auto insurers in Corpus Christi adjust frequently, so don’t be hesitant to buy from a different company if a lower-cost policy is available. Staying with the same company for years is fine, but it’s not a good idea if that loyalty results in overpaying a small fortune year after year. It only take a few minutes to shop around and find cheaper auto insurance for drivers with bad credit.
The Corpus Christi auto insurance agencies shown below are a good start to help you determine which coverages and limits you need, since lots of people like to have a professional recommendation when comparing insurance rates for people with poor credit. It’s not always easy to find the cheapest rate yourself, and using a licensed agent can bring satisfaction knowing your coverage gives you enough protection. To find a Corpus Christi insurance agent using an interactive map, click the button after the list.
Tom Hunt Jr – State Farm Insurance Agent
4449 S Alameda St #3 – Corpus Christi, TX 78412 – (361) 992-9292
Mc Kenzie and Shell Insurance
4444 Corona Dr # 103 – Corpus Christi, TX 78411 – (361) 854-3046
Allstate Insurance: Joshua D. Crow
5333 Yorktown Blvd e – Corpus Christi, TX 78413 – (361) 857-2688